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20121204
20121204
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of state hillary clinton's next move. she could become america's next great mayor? >>> and also, new psychiatric manual defines binge eating as a mental illness. we'll bring ut details. first, let's get the news live at 5:30 a.m. by our partially deaf news anchor here. >> with 27 days to go for negotiating until a year end deadline, the white house is wasting no time rejecting the republicans' fiscal cliff counter offer on tax reforms and spending cuts. the gop plan consists of $2.2 trillion in saving officials a decade including raging the age for medicare from 65 to 67 and lowering the cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue but without raising taxes on the wealthy. frn in a letter to the president, republicans attempted to sell the offer as the erskine bowles plan, comparing it to the same offer he drew up last year. >> i think he'd disagree. >> the co-chair of obama's deficit commission, but yesterday mr. bowles flatly rejected that connection. meanwhile, the white house is turning t
cuts to go back to the clinton era rates for the wealthiest americans. maybe that means finding a really creative tax reform that eliminates deductions almost entirely for the wealthy. these are possible see teas. it's hard for me to imagine that either side is really hoping to go over the cliff at this point because they both know what it means for the economy and they are both worried about making that responsibility. at this point it doesn't make any sense to suggest that you're the one who is going to blink because that's going to put you sort of in the underposition of the negotiations. >> let me switch subjects completely because this is sort of the provocative headline. new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade.
, that's something that will -- >> howard goes on and on. clinton tax rates on everybody. will it cause a problem? yeah, short recession, but we get defense cuts which republicans would never agree to otherwise, there are human service cut which is we won't like, but the least possible damage. and it's a serious down payment on the deficit. the wall street people ringing their hands are really full of it. i'm not sure what. but full of something because they're going to see a big drop on wall street but it will come roaring back because somebody has done something. so you have him and all their friends and the right and all their friends and the president who i don't think if he can ever get out of campaign mode. it's a full on campaign again. putting one party into -- >> you're right, the amt will hit more people in the middle class and raise their effective tax rate to a higher rate than they were today. and you won't -- >> you have obamacare 4% on everyone, too. >> if you lieu numerically, it doesn't make sense if one side says we're not going to race taxes on the middle class -- >>
republicans? joining us for a fair & balanced debate, simon rosenberg, a former clinton campaign adviser and president and founder of ndn, just for clarity, a democrat. and the former chairman of the republican party of virginia. kate, does the republican party mead to change its position on immigration? >> well, does it darn dash no it needs to actually star, it needs to talk bim congratulations. strstrategic decisions were made to stay away from the issues that affected these democrat i cans that the republicans did terrible with. the democrats define you on these positions, then as anti-immigration or as the president defined the republicans as the enemy of latino, he actually used that word. rips have to start being savvy and realize that their message is won't that truly does appeal to immigrants, the one of hope and opportunity. why do immigrants come to the united states? for freedom and prosperity. republicans have to start conveying they are the party of freedom and prosperity and start talking about legal immigration. look at these people around the world who have spent their l
president clinton was in office, he left this country in the black. the people have weighed in. they've indicated that we want to move forward, we want to put people to work but we want to do it in a fair method of doing it. and that is not cutting programs that impacts the working poor in this country. mr. garamendi: well, you're absolutely correct about that. the proposal to cut medicare benefits is a nonstarter. there are things that can be done in medicare to reduce the costs and much has already been done. i'd like to ask my colleague from the great state of michigan to join us, mr. curson is a new member, came in during a special election. welcome. delighted to have you join us. mr. curson: thank you. i agree wholeheartedly with what's been said so far and the testimony, what i really want to say -- into the mic. what i really want to say is medicare is run more efficiently than nearly any insurance company in the world. they devote less than 2% of its funding to administrative expenses, and you compare that to a private insurance company that costs up to 40% of premiums for in
breakthroughs. and i lived in d.c. the only way to make major break throughs in d.c. is do what bill clinton did and reach across the table. >> susie: you know, bond the-- beyond the fiscal cliff and i know that say big issue hanging over the markets but there are also fundamentals going on as well. we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think go
aware of the seriousness of the president's position on this. >> secretary of state clinton is in brawls attending the nato foreign minister session. she emphasized that the patriot system being deployed to turkey are not meant to destabilize the already uneasy relationship with russia as the spokesman at home urged now to join the international community in helping to ease bashar al-assad. >>shepard: thank you from the state department. that is the reporting. now the context and perspective. now to the director of the program on arab politics at the washington institute for near east policy a "american bandstand" group of scholars whose mission is to advance america's interests overseas. how big a move is this movement of chemical weapons? what does it tell us in the big picture? >>guest: it is very significant. it highlights the desperation of assad regime, the fact he is mixing the recursors of sarin gas, that is a scare tactic for us to keep us out of it, and, also, warning the people of syria he could be prepared to use these if he is brought down. >>shepard: based on what the unite
dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing right now is the first evidence that companies' investors know the fiscal cliff is coming and when we get closer that is when the market will tank. >>neil: take your money and run. >>guest: for political pumps folks are willing to go over. that is dangerous much next year if we go over the cliff, all bets are off
of utilizing their chemical weapons. >> that was secretary clinton speaking in prague today but keeping it vague as you saw shep as to what washington might do about it. >> this isn't the first time that the president and the secretary of state have drawn this red line. >> no, it's not. and critics of the obama administration warn that setting such a high bar to greater u.s. involvement in that conflict, namely the waging of chemical war by a nation against its own citizenry could be sending the assad regime the wrong message. >> it sort of suggests or implies that anything up to this red line we're not going to take action. and i think it will be disheartening for that reason to the syrian opposition because as we said, shep, 40,000 people have been killed and i think they will will look at this and say, well, you know, how many more people would need to be killed before the international community decides to take action putting aside the question of the chemical weapons. >> now, the fighting in syria has gotten so bad that the united nations announced today it is withdrawing all of it
problems. we firmly believe in this. i find it interesting that secretary clinton's last visit to the continent she expanded on that and said, yes, african solutions to african challenges but we need african solutions ss and participation in global challenges as well and that's a recognition of the evolving nature of things in africa. there are two documents that broadly guide what we do in africa, and those, i would commend -- probably most of you have probably read them. the first is the presidential policy directive for subsaharaan africa, and it is based on four pillars. the first, to promote opportunity and development. secondly. to spur economic growth, trade and investment. thirdly, to advance peace and security. and fourth, to strengthen democratic institutions. insurprisingly, we at u.s. a africa command focus on the third, building peace and security. but as a necessary precondition to achieving the other four objectives. so, again, i think it's best to think of us in, again, a supporting and enabling role. the second document that guide our principles as the defense
, but i could go back to knot the use of the filibuster but other methods of obstruction with bill clinton who reached out all the time. so i think that's the factor but a minor one. i think harry reid's use of filling the amendment tree, partly this is chicken and egg, but has been done too much and that didn't result in at least some protests and willingness of some senators on his side who might otherwise have joined in some of these filibusters to do so. it had much more to do with a concerted party strategy can which i think is the first time we have seen it. >> i think there's two separate issues. one, obstruction on nominations, and to come obstruction on -- [inaudible] it is true you see these judges and it will go 99 points. but i think it's important to remember what we are talking about. the alternative to that is to move it by unanimous consent. it's not like the house where there is about. and if a member of checks to unanimous consent because they do not want to vote, don't want to be forced to vote for a judge, they say i will have a roll call. now, the majority leader at th
. going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking about, and negotiations could continue. doing what i'm talking about does not violate what either side is fighting over. they both say this is something we want to do. why not make sure we do not have some last-minute failure at the end of december. guest: what gives you confidence that democrats would agree later on? guest: this is where i disagree with some of my colleagues. they seem to think the american people are leveraged, and this is the democrats leverage. our leverage is in the spending and entitlement issues. the president and his negotiators are smart and able people. they know the re
, and then you have christie. and then could be bush versus clinton again. >> governor, thank you very much. appreciate your time. >> honor to be with you. >> right now it's time for "squawk on the street." ♪ >> good tuesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up an
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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